With Blinkit’s new functionality, businesses can get tremendous benefits in terms of tax savings via GST invoicing. This is due to the fact that Blinkit is providing up to 28% Input Tax Credit (ITC), enabling the businesses to utilise the benefits of GST, thus lowering costs and improving compliance. Making it Easy for Businesses to … Read more
In a significant ruling, the Supreme Court of India allowed businesses to claim GST Input Tax Credit on commercial construction costs. As a result, the real estate sector is celebrating it as a huge relief. It is also beneficial for those businesses that are involved in leasing commercial properties. Boon for Commercial Real Estate Sector … Read more
Understanding GST Registration for you is essential if you are running or planning to launch a Photography & Videography business. As a service provider, GST is applicable to your business once your annual turnover exceeds a certain limit or if you are providing services interstate. Why have GST Registration for Photography and Videography Business? Obtaining … Read more
Starting 1st October 2024, the Goods and Services Tax Network (GSTN) will archive data submitted before September 2017 from the GST portal. This major update affects how you do GST Return Filing. This move is aiming to streamline the portal’s operations. However, it also creates urgency for businesses who require their previous records. Why is … Read more
The introduction of GST 2.0 aims to simplify the process of GST Return Filing. Thus, you can file GST Returns more quickly and efficiently for businesses. With user-friendly interfaces and reducing the manual errors, the new GST system will ease tax compliance. What happens to GST Registration under GST 2.0? The GST Registration process is … Read more
The GoM will meet on September 25, 2024. They will be meeting to discuss key changes to the GST Structure. The meeting focuses on rationalizing GST rates by adjusting the current tax slabs, a move aimed at simplifying compliance and improving revenue collection. Proposed Changes to GST Slabs The GoM, led by Bihar Deputy Chief … Read more
A 15-digit Unique Identification Number (UIN) code is your key to navigating the Indian tax system. This alphanumeric registration number replaces the GSTIN for a select group of entities that qualify for GST exemptions. If you meet the eligibility criteria, obtaining a UIN registration number is beneficial for your business especially if you’re an entrepreneur … Read more
The PlayStation 5 Pro or PS5 Pro is announced and promises superior performances, better graphics, and a more immersive gaming experience. But, the question still remains, What is the GST on PS5 Pro? Let’s understand the concept of GST on PS5 Pro. What is the GST Rate on PS5 Pro? In India, electronic goods, including … Read more
The B2C e-invoicing implementation will be revolutionising how businesses issue invoices to customers. At present, B2B e-invoicing is mandatory, however, the GST Council is also planning to implement B2C e-invoicing on a voluntary basis. What is B2C E-Invoicing? B2C e-invoicing is the process of creating electronic invoices for purchases made by customers. In line with … Read more
Apple’s new AirPods 4 are now available in the market with new features. In India, if you buy Apple’s AirPods 4, you have to pay GST at a rate of 18% raising its overall price. But, you can also save GST on Apple AirPods 4 in India. Let’s learn how through this article. Understanding GST … Read more